Growth in unit sales at Farmec and parts sales at Barzem boost Zimplow H1

HARARE – A 100% increase in Farmec’s revenue offset the downturn in Mealie Brand to ensure that Zimplow Holdings reported a 38% growth in turnover in the six months to June 30, 2018. Farmec, which distributes various farming implements brands, reported doubled revenue of $7.7 mln from $3.8 mln after tractors sold increased to 95 […]

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Seed Co to seek a review of BSE fungibility conditions

HARARE – Seed Co will seek for a review on its share fungibility status as the current approvals for fungibility were done before Government made changes to the Indigenisation Act.  This comes as shareholders yesterday approved the partial unbundling, capital raise and separate listing of Seed Co International on the Botswana Stock Exchange. In terms […]

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Raw milk production up 3.77% in ten months to October

Raw milk production up 3.77% in ten months to October HARARE – The country continued to record marginal increases in raw milk supplies after the latest data from the Ministry of Agriculture showed that production for ten months to October grew 3.77% to 54.26 million litres. This is against 52.28 million litres produced last year. […]

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Farmers to submit five year development plan to qualify for 99-year leases

HARARE Corporate bodies other than Statutory bodies, churches and educational institutions will be able to hold the Government’s 99-year lease albeit with conditions attached to it while farmers will be subjected to annual rent and to purchase improvements on the leasehold. According to the draft document which will soon be presented before Cabinet, Government will […]

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Raw milk production up 15% in first half

HARARE Zimbabwe’s raw milk production for the six months to June 2016 increased by 15.35% to 31.9 mln litres from 27.6 mln litres same period last year largely on increased production from small scale dairy farmers. According to latest figures from the Dairy Services Department in the Ministry of Agriculture Mechanisation and Irrigation Development, monthly […]

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BAT Zimbabwe says challenges will remain in H2 after profit slump

HARARE British American Tobacco (BAT) Zimbabwe foresees reduced profitability at year end as the group does not expect the trading environment to improve in H2. Managing Director Clara Mlambo told an analyst briefing for the half year period ending 30 June 2016 that group profit was impacted by some decisions on costs, but it will […]

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Agriculture financing tops $576 mln in March

HARARE Zimbabwe still needs to import close to 600 000 metric tonnes of maize to ensure the country has enough supplies for food and to maintain the strategic grain reserves at the level they are supposed to be. Under the Grain importation programme, Government is targeting to import 1.36 million metric tonnes valued at $560.91 […]

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